Fugro plots renewables growth
Dutch outfit plans to build on its ‘strong’ position in clean power
Fugro is expecting further growth in the renewables market, but this won’t offset a double-digit decrease in revenue in 2017.
The Dutch outfit reported revenue of €364m in the third quarter of the year, down from just over €474m in the same period of 2016.
Fugro chief executive Paul van Riel said: “The offshore oil and gas market appears to be reaching its inflection point. The backlog in our early cyclical marine site characterisation business is up, which is an important early indicator.
“We are also growing in the building and infrastructure market and have strong positions in the renewables market with good potential for further growth.”